Proof Banks Don’t Take Deposits or Lend Money, They Create It!
This 2014 study establishes for the first time empirically that banks individually create money out of nothing. The money supply is created as ‘fairy dust’ produced by the banks individually, “out of thin air”. More studies from Professor Werner are here.
For the full video of this edited version see here:
How Loans and Credit Cards Really Work – by WhiteRabbit Trust
Challenge Your Mortgage – by WhiteRabbit Trust
For the next Steps visit: Do Banks Loan You Money When Making A Loan?